Filed February 25, 2019
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| Provider | Service type | Compensation |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $47,277 |
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Service code 17 · EIN 13-5674085 | Pension Consulting | $28,131 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,942 | $58,911-18.6% | $129,384-62.9% | $77,736-38.3% |
| Participation rate | 40.7% | 59.4%-18.7pp | 69.6%-28.9pp | 70.6%-29.9pp |
| Annual return | 8.32% | 24.75%-16.4pp | 9461.77%-9453.5pp | 31.26%-22.9pp |
| Employer contribution / active EE | $808 | $1,955-58.7% | $4,153-80.5% | $2,728-70.4% |
| Participant deferral / active EE | $1,720 | $3,220-46.6% | $4,166-58.7% | $4,651-63.0% |
| Admin fee / account holder | $285 | $592-51.9% | $7,686-96.3% | $433-34.3% |